--- title: "516 East 78th Street #3C, New York City, NY 10075" description: "516 East 78th Street #3C, New York City, NY 10075 — Lenox Hill, New York City, NY. Listing Price $465,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $6,975 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-3c-ny-10075" source: "Real Estate Rebate Team" dateModified: "2026-09-02T20:53:53.356Z" status: "Active" --- # 516 East 78th Street #3C, New York City, NY 10075 Lenox Hill, New York City, NY Courtesy of Corcoran Group Last updated: September 2, 2026, 4:53 PM ## At a Glance - **Listing Price**: $465,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $1,395 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $465,000 - **Illustrative Buyer Commission Share**: -$6,975* - **Illustrative Net Cost**: $458,025 *Illustrative Buyer Savings of $6,975 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Property Overview New to Market..True one bedroom at the Iconic Cherokee. A glorious pre-war Beaux Arts landmark building on the Upper East Side. This gorgeous building exudes old world charm and is infused with an elegant European Ambiance. this sun-filled one-bedroom residence at The Cherokee presents a rare opportunity for first-time buyers, investors, and pied-à-terre purchasers seeking character, value, and flexibility in the heart of Lenox Hill. Bathed in natural light, the home features dramatic floor-to-ceiling windows, rich hardwood floors, and charming prewar details that honor the building's celebrated 1909 Beaux-Arts heritage. Both the living room and bedroom enjoys direct access to its own private balcony, a highly uncommon feature that creates seamless indoor-outdoor living and offers tranquil spaces to relax or entertain. Directly across from John Jay Park and the East River Esplanade, The Cherokee is one of Manhattan's most distinctive residential enclaves. Designed by renowned architect Henry Atterbury Smith, the landmarked complex consists of four elegant courtyard buildings known for their richly detailed architecture and lush landscaped grounds. This spacious unit is a perfect urban sanctuary. Residents enjoy a peaceful, tucked away setting while remaining in close proximity to all the wonderful places the Upper East side has to offer - Gotham Pizza, Gracie Mews Diner and Agata and Valentina. This Investor friendly building features a live-in super, video intercom system, overnight security, bicycle room, central storage room, a landscaped courtyard, and a new laundry room. Maintenance includes all Utilities: gas & electric, heat and hot water. . Pied a terres, Investors, Parents buying, Co-Purchasers and Guarantors are all permitted. Pets are most welcome!! Contact us today to schedule a private showing. RENTER IN PLACE UNTIL DECEMBER PAYING $3000 ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 6 - **Year Built**: 1911 - **Common Charges**: $1,395 / Monthly - **Listed On**: Sep 2, 2026 - **Days on Market**: 1 Days ### Residence Features - Building In Basement - Building Courtyard - High Ceilings - Washer Dryer Allowed ## Sales Evidence ### Recent closed sales 11 apartments at The Cherokee have recorded sales since September 2021, the most recent for $550,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 1N (Apartment) | 1 | $550,000 | June 10, 2026 | City record · MLS | | 1M (Apartment) | 1 | $360,000 | April 29, 2026 | City record · MLS | | 2E (Apartment) | 1 | $360,000 | December 10, 2025 | City record · MLS | | 3P (Apartment) | — | $475,000 | December 4, 2024 | City record | | 2J (Apartment) | — | $535,000 | May 10, 2024 | City record | | 2G (Apartment) | 1 | $445,000 | April 12, 2024 | City record · MLS | | 2-I (Apartment) | Studio | $416,500 | August 18, 2023 | City record · MLS | | 1M (Apartment) | 1 | $350,000 | August 3, 2023 | City record · MLS | | 6I (Apartment) | — | $400,000 | September 21, 2022 | City record | | 6A (Apartment) | Studio | $305,000 | February 2, 2022 | City record · MLS | | 5O (Apartment) | — | $353,691 | January 21, 2022 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable one-bedroom sales at The Cherokee is $360,000, based on 5 sales between August 2023 and June 2026. This home is asking $465,000, $105,000 above that median. The middle half of those sales closed between $360,000 and $445,000. - **Median closed price**: $360,000 - **Middle half**: $360,000 – $445,000 - **Based on**: 5 one-bedroom sales at The Cherokee - **Period**: August 2023 – June 2026 Square footage is recorded for only 0 of these 5 sales (0%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 5 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 60% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 94.6% of the original ask - **Closed below ask**: 60% of 5 sales - **Listed → in contract**: 120 days (about 17 weeks) - **In contract → closed**: 55 days (about 8 weeks) Across the 5 of these sales with a published asking price, the median closed at 94.6% of what it originally asked. 60% of them closed below the original ask. Half of these homes were in contract within 120 days (about 17 weeks) of coming to market, based on the 4 with a recorded listing date. Once a deal was agreed, closing took a further 55 days (about 8 weeks), based on the 5 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 5 one-bedroom sales at The Cherokee, August 2023 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op one-bedroom sales in Lenox Hill, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $689,500 | 40 | | 2017 | $717,000 | 165 | | 2018 | $728,750 | 152 | | 2019 | $699,000 | 145 | | 2020 | $665,000 | 109 | | 2021 | $682,500 | 234 | | 2022 | $718,000 | 229 | | 2023 | $675,000 | 163 | | 2024 | $675,000 | 169 | | 2025 | $675,000 | 174 | | 2026 | $652,966 | 90 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Lenox Hill instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at The Cherokee](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 286 apartments. The corporation’s 2026 property tax bill was $1,730,698 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for The Cherokee](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### The Cherokee Lenox Hill · Stock Cooperative 517 East 77th Street, New York, NY 10021 A building in Lenox Hill, currently featuring 6 active listings. - **Year Built**: 1912 - **Total Units**: 6 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) ### Available Residences — For Sale (6) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [3C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-3c-ny-10075) | 1 | 1 | — | — | $465,000 | Corcoran Group | Sep 2, 2026 | 1 days | | [6K](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-k-6K-ny-10075) | 1 | 1 | — | — | $379,000 (-5.3%) | Compass | Jun 29, 2026 | 66 days | | [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-e-2E-ny-10075) | 1 | 1 | — | — | $450,000 | Corcoran Group | Apr 9, 2026 | 147 days | | [4JI](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/517-east-77th-street-ji-4JI-ny-10021) | 3 | 2 | — | — | $1,300,000 (-3.7%) | Corcoran Group | Jun 5, 2026 | 90 days | | [4D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-4d-ny-10075) | 2 | 1 | — | — | $489,000 | Douglas Elliman Real Estate | Aug 4, 2026 | 30 days | | [1M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-1m-ny-10075) | 1 | 1 | 330 sqft | $1,148 | $379,000 | Corcoran Group | Aug 26, 2026 | 8 days | ## Estimated Monthly Payment **$3,746 / month**, assuming a 20% down payment ($93,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,351 - **Common Charges**: $1,395 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Lenox Hill Overview of Lenox Hill [Explore Lenox Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lenox Hill - [Inwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/inwood) ## Related Links - [The Cherokee — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) - [Lenox Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.